文章基本信息

标题：Corporate Governance and Profitability: The Role of Cost of Capital as Mediation
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作者：Eka Febiyanti ; Hersugondo Hersugondo
期刊名称：Jurnal Keuangan dan Perbankan
印刷版ISSN：1410-8089
电子版ISSN：2443-2687
出版年度：2022
卷号：26
期号：2
页码：460-474
DOI：10.26905/jkdp.v26i2.7548
语种：English
出版社：Universitas Merdeka Malang
摘要：This study aims to analyze the effect of internal corporate governance mechanisms with the cost of capital as mediating variable and profitability as a dependent variable in companies listed on the Indonesia Stock Exchange during period 2015 to 2020. This study uses secondary data collected from Bloomberg's financial data and the company's annual report. A total of 807 companies as a population by sampling with purposive sampling method in order to obtain 300 companies from various sectors. The analysis method employs a structural equation model Structural Equation Modeling (SEM) based on the Partial Least Square (PLS). Based on hypothesis testing through the t-statistical test with a bootstrapping method, the results show that corporate governance has a positive relationship with profitability, and the cost of capital has a fully mediating role in the relationship between corporate governance and profitability.
关键词：Corporate governance;profitability;cost of capital;growth